After two months of buying, foreign portfolio investors (FPIs) have turned net sellers in October by pulling out Rs 12,278 crore from Indian markets. As per depositories data, FPIs took out Rs 13,550 crore from equities but invested Rs 1,272 crore in the debt segment during October 1-29. The total net outflow stood at Rs 12,278 crore during the period under review.
The United States has made it clear to India that it is "discouraging" it from proceeding with its acquisition of S-400 missile defence systems from Russia but Washington will have to weigh "important geostrategic considerations" while taking a decision on growing calls for a presidential CAATSA waiver to New Delhi, President Joe Biden's nominee for Coordinator for Sanctions Policy has told lawmakers.
The RBI has shelved its plan for polymer notes more than a decade after it invited interest from global manufacturers for one billion pieces of Rs 10 denomination polymer banknotes, reveals Tamal Bandyopadhyay.
Ever since the children's game turned into a Web series on Netflix, it has become a worldwide craze.
If you're a fan of dry gin, you will love this unusual cocktail.
The government's programmes should be expected to generate some momentum, but the macro-economic numbers are not encouraging, observes T N Ninan.
President Biden underscored that the United States will 'continue to stand up for its interests and values and, together with our allies and partners, ensure the rules of the road for the 21st century advance an international system that is free, open, and fair', the White House said in a readout of the meeting.
Prime Minister Narendra Modi along with his counterparts from Australia and Japan on Friday attended the first in-person meeting of Quad leaders hosted by US President Joe Biden during which they plan to discuss issues like climate change, Covid-19 pandemic and challenges in the Indo Pacific, amidst China's growing military presence in the strategic region.
China has been an aggressor against India along the Himalayan border, a top American diplomat nominated by President Joe Biden as his next envoy to Beijing has told lawmakers, stating that the US must hold the Chinese government accountable for failing to play by the rules.
US Vice President Kamala Harris would host a separate meeting with the prime ministers of three Quad countries -- India, Australia and Japan -- at the White House to discuss with them the important factors for democracies to go forward, officials said.
HAL is poised to sell the Philippines at least seven Dhruv Advanced Light Helicopters and eight Dornier 228 aircraft for Rs 30 billion, reports Ajai Shukla.
"Relevant countries should abandon the obsolete Cold War mentality and narrow-minded geopolitical rivalry concept and view correctly and respect people's aspiration in the region and do more things conducive to regional solidarity and cooperation," Chinese foreign ministry spokesman Zhao Lijian said.
While the two leaders have met earlier when Biden was the Vice President of the country, this is for the first time that Biden will be meeting Modi after he became the 46th president of the US in January.
An American brokerage has said if the Indian government allows its bonds to be included in the global indices, the much-anticipated move can fetch an additional $30-33 billion of foreign funds into them next fiscal, which in turn can help the overall economy by releasing more lendable bank funds for the private sector. Currently, among the emerging market, the Indian government bonds (IGBs) have lowest foreign ownership at about 2.5 per cent -- only ahead of the Philippines -- while the same is a tad over 30 per cent in South Africa and close to 14 per cent in China, according to a Bank of America Securities report on Monday. Potential flows, if the IGBs are included in the global bond indices like that of JP Morgan or Morgan Stanley or Bloomberg, could reach $30-33 billion in FY23.
GMR Group is currently investing Rs 20,000 crore to expand the existing airports and developing new aerodromes, GM Rao, chairman of the infra major has said. "Airport Development and Construction: GMR Group has set benchmarks for development of world class Airport infrastructure... Your company is currently investing approximately Rs 20,000 crore to expand the existing airports and develop new Aairports," he said in the group's latest annual report. GMR's airport business comprises four operating airports - Indira Gandhi International Airport, Delhi, Rajiv Gandhi International Airport, Hyderabad, Bidar Airport at Karnataka and Mactan Cebu International Airport in the Philippines.
Input shortages and low inventories, according to Nomura, will likely lead to production cuts and delayed shipments in the September 2021 quarter.
This instruction is a temporary measure and shall be in force till March 31 and will be reviewed subsequently.
Adar Poonawalla said he was hopeful that Covovax, the Novavax vaccine made by SII, will be launched around October this year for adults and for children by the first quarter of next year, depending on DCGI approvals.
Foreign portfolio investors (FPIs) have pulled out Rs 4,515 crore from the equities segment in the first half of July as they turn cautious towards the Indian market. "With markets trading near all-time high, FPIs would have chosen to book profits. "They have also been staying on the sidelines given high valuations and most likely on the back of the risk of a potential third wave of the coronavirus pandemic," said Morningstar India associate director (manager research) Himanshu Srivastava. Though the continuing firmness in the dollar and the possibility of rising bond yields in the US do not augur well for capital flows into emerging markets like India, there is no immediate worry at the moment, he said.
Expressing grave concern over a US nuclear-powered submarine sustaining damage in the disputed South China Sea, China on Friday demanded Washington to reveal the details and the location of the accident and blamed America's frequent air and naval sorties in the Indo-Pacific to assert the "freedom of navigation" as the "root cause" of the incident.
Here are five boxers to watch when the Games kick off
Meanwhile in the women's event, Padmini Rout and R Vaishali joined compatriot Bhakti Kulkarni in the second round.
Hinduja Group's business process management entity, Hinduja Global Solutions Limited (HGS) said on Wednesday that it has entered into definitive agreements to divest its Healthcare Services business to funds affiliated with Baring Private Equity Asia (BPEA), at an enterprise value of $1.2 bilion. The deal is subject to closing adjustments, and is expected to complete within 90 days, subject to shareholder and other regulatory approvals. "The cash that will come in as a result of this transaction will be deployed to growing the business as well as looking at buying some capabilities...where capabilities are important for being able to do a good job of customer experience transformation.
Britain's Galal Yafai and Bulgaria's Stoyka Zhelyazkova Krasteva won first boxing golds for their countries at the Tokyo Olympics after dominant displays in their flyweight finals on Saturday.
Corporate India lags the rest of its Western and Asian peers by a wide margin when it comes to the presence of women on their boards, with just 17.3 per cent of the large companies having them on their key decision making bodies, an international report said on Tuesday. However, this is a near 6 percentage points improvement between 2015 -- when it was only 11.4 per cent -- and 2021, Swiss brokerage Credit Suisse said in the report, which covered over 33,000 executives from more than 3,000 companies across 46 countries, including over 1,440 firms across 12 Asia-Pacific markets. Female representation on boards of large Indian companies has increased by 5.9 percentage points from 11.4 per cent in 2015 to 17.3 per cent in 2021.
Deputy director for the People's Liberation Army Office for International Military Cooperation Major General Huang Xueping held a video conference with his US counterpart Michael Chase last week.
India, Australia, Japan and the US on Friday pledged to work together for ensuring peace and prosperity of the Indo-Pacific and the world, as top leaders of the Quad grouping announced a slew of new initiatives to take on common challenges, amidst muscle flexing by an assertive China in the strategic region.
Prime Minister Narendra Modi on Thursday described India and America as "natural partners" as he held the first in-person meeting with Vice President Kamala Harris at the White House during which they decided to further cement the Indo-US strategic partnership and discussed global issues of common interest, including threats to democracy and the Indo-Pacific.
The medal tally at the 2020 Olympic Games in Tokyo.
'We need to retell this history from many different perspectives.'
The virus, which has infected more than 14,562 people, continues to spread beyond China.
The Congress urged Modi to come forward and order a JPC probe into the Rafale deal.
Quad leaders are also planning to roll out vaccine deliverables and announce a series of measures in the field of healthcare and infrastructure sector, officials in Washington, DC said.
Prime Minister Narendra Modi has met his Australian counterpart Scott Morrison in Washington, DC, ahead of the first in-person Quad meeting to be hosted by US President Joe Biden and discussed a broad range of issues of bilateral, regional and global importance, including the Indo-Pacific.
Although the Malabar is a routine exercise which has been carried out for several years now, security experts attach a lot of traction to it in view of China's assertive behaviour in the South China Sea, observes Rup Narayan Das.
Harris, in a major foreign policy speech as part of her three-day visit to Singapore, said America's vision includes the freedom of navigation which is vital to all.
Shiva Thapa will next face Nader Odah of Kuwait in the quarter-finals on Tuesday.
The team reached Dubai on Saturday after being held up for over two hours in the flight, of which close to one hour was mid air
Adline Castelino's most beautiful pics from Miss Universe 2020.
Yuka Saso battled back from a horrid start to best Japan's Nasa Hataoka in the third hole of a sudden death playoff to win the 76th US Women's Open golf championship at the Olympic Club in San Francisco on Sunday.
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